“13 has always been my lucky number. We take a moment to be thankful for another glorious year as we are energized by the continued support from our leadership, extended families, partners, associates, and community to connect the backstreets to Wall Street.”
– Prof. Durreen Shanaz, CEO and Founder of IIX
#BUILDINGBACKBETTER THROUGH RECOVERY
Businesses must not just survive the pandemic, but recover and have a lifeline to pivot their businesses so they’re able to adapt and thrive in the new norm. In addition to providing catalytic capital, capacity building and tools to adapt are necessary to ensure the capital is put to good use and help SMEs navigate through the challenging environment. To overcome the disadvantages faced by SMEs, it is pertinent for stakeholders to provide handholding support and lend women entrepreneurs a platform to relaunch and access national and international markets. Leveraging insights garnered from working with women entrepreneurs, IIX developed tailored toolkits and platforms across the growth stages of an enterprise that help them rebuild, pivot, and strengthen their business operations for a new business and economic environment.
#BUILDINGBACKBETTER THROUGH RESILIENCE
Catalytic capital allows women entrepreneurs to survive natural shocks such as the on-going pandemic. However, it is important to have a resilient enterprise contributing to the economy’s growth and maximizing its impact on underserved communities, which an emergency capital infusion by itself cannot solve. The final stage of achieving gender equality is creating resilient enterprises by providing capital at timely intervals such that they can scale rapidly.
#BUILDINGBACKBETTER THROUGH RELIEF
The pandemic has increased and will continue to increase the stress on the already fragile healthcare, education, and financial infrastructure which has affected the livelihoods of more than 65% of the rural population and over 100 million entrepreneurs just within Asia. Affordable healthcare, inclusive education, and social equality form the backbone of a resilient economy and have the power to catalyze recovery if we step up.
The first step to #BuildingBackBetter is to ensure that SMEs survive the pandemic through immediate relief. From there, we can accelerate recovery through new financial instruments, and build true resilience by bringing women and ethnic minorities to the forefront of post-COVID growth.
Without supporting these SMEs, the world stands to suffer major setbacks in social and economic progress. However, with the right support, we can accelerate inclusive finance to sustain these businesses and enable them to rebuild the economy from the ground up.
In the coming year, IIX is excited to share new initiatives to drive urgently needed capital to SMEs, so that they can become engines of growth. Read on to learn more about IIX’s newly launched Emergency Financing Facility, and the story of one enterprise who, because of access to financing from the IEFF, will be able to help to provide livelihoods to women and farmers in Indonesia.